SEC Form 4 · accession 0001144204-17-024423
BALLANTYNE STRONG, INC. · BTN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
Joseph H Moglia
10% Owner
Fundamental Global Investors, LLC
Director · 10% Owner
Lewis M Johnson
Director · 10% Owner
Kyle Cerminara
Officer — Executive Chairman and CEO · Director · 10% Owner
Period of report
Apr 28, 2017
Accepted (ET)
May 4, 2017 · 10:48 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000946454
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $0.01 per shareF1,F2 | Apr 28, 2017 | J | 272,204 | $6.25 | D | 426,224 | I | Fundamental Global Partners Master Fund, LP |
| Common Stock, par value $0.01 per shareF1,F2 | Apr 28, 2017 | J | 272,204 | $6.25 | A | 1,017,765 | I | Fundamental Global Partners, LP |
| Common Stock, par value $0.01 per shareF4,F1,F2 | May 3, 2017 | J | 74,210 | — | D | 352,014 | I | Fundamental Global Partners Master Fund, LP |
| Common Stock, par value $0.01 per shareF4,F1,F2 | May 3, 2017 | J | 74,210 | — | A | 853,619 | I | Fundamental Global Holdings, LP |
| Common Stock, par value $0.01 per shareF1,F2 | holding | — | — | — | 65,739 | I | FGI Global Asset Allocation Master Fund, LP | |
| Common Stock, par value $0.01 per shareF1,F2 | holding | — | — | — | 34,911 | I | FGI Global Asset Allocation Fund, Ltd. |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The Reporting Persons beneficially own in the aggregate 2,324,048 shares of Common Stock, which represents approximately 16.1% of the Company's outstanding shares of Common Stock. Fundamental Global Investors, LLC may be deemed to be a beneficial owner of the shares of Common Stock that are directly owned by Fundamental Global Partners, LP ("FGPP"), Fundamental Global Partners Master Fund, LP ("FGPM"), Fundamental Global Holdings, LP ("FGHP"), FGI Global Asset Allocation Fund, Ltd. ("FGAA") and FGI Global Asset Allocation Master Fund, LP ("FGGM"). In addition, CWA Asset Management Group, LLC, of which 50% is owned by Fundamental Global Investors, LLC, holds 700,083 shares of Common Stock for the accounts of individual investors, which represents approximately 4.9% of the Company's outstanding shares of Common Stock.
- F2Due to their positions with Fundamental Global Investors, LLC and affiliated entities, Messrs. D. Kyle Cerminara, Lewis M. Johnson and Joseph H. Moglia may be deemed to be beneficial owners of the shares of Common Stock disclosed as directly owned by FGPP, FGPM, FGHP, FGAA and FGGM.
- F3Represents a cross-trade between FGPM and FGPP, in which FGPM disposed of and FGPP acquired the reported shares. Accordingly, there was no change in the aggregate beneficial ownership of the Reporting Persons.
- F4Withdrawal and redemption from FGPM and contribution to FGHP.